Pirate Bay sale back on the rocks

Despite a confident statement to the contrary earlier in the week, it looks like the sale of notorious Bittorrent tracker The Pirate Bay to Global Gaming Factory X might be in serious trouble. All trading in the company's shares have been suspended by the Swedish Aktietorget exchange.

It's being reported that the reason is that CEO Hans Pandeya has been reported to the Swedish cops by a former board member - one Johan Sellström. He says that Pandeya owes him more than 6 million kroner - which is about £500,000.

To pile on the problems, one of the supposed partners in the dead, Peerialism, has criticised the company for non-payment of fees for work on the deal. It's not looking rosy for next week's planned agreement of the deal with GGF's shareholders.

Meanwhile, Irish ISP Eircom has vowed to block The Pirate Bay from its subscribers, following pressure from the entertainment industry. Most of the deal was hammered out earlier in the year, but Eircom has confirmed that the ban will take effect in September.